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How Much Do We Ask For?

August 22nd, 2018 at 06:03 am

So our landlord who lives out of state and does not have a property manager locally. Because we are leaving this fall, they are looking to rent the property again. They are asking if we would be willing to show the property to potential and interested renters for payment in return for giving our impressions on their level of interest. And they are asking what our asking price would be.

I'm fully aware that legally (and according to our lease) the owner has the right to show the property to a potential renter. I'm perfectly fine with that, but I never expected that I would be asked to do an additional duty of being available to show the property and report back our impressions.

I would need to clean, make time in my day, spend however long talking to the renters (we were here nearly an hour when we visited the first time), and then analyze in my mind what my impression was and report back. That is definitely worth something!

I feel like the number needs to be significant enough that the landlord doesn't send everyone over. That the money they would outlay would make them vet the renter to some degree.

The landlord is currently taking classes in one state and his wife works and lives about four hours away in another state. It would cost them at a minimum gas, food on the road and time off work (and maybe a hotel) if they were to drive here to show the house to a potential renter.

How much should I ask for? I have a number in mind, but wonder what others think.

Can I put stipulations on this? Such as only during X hours, when my husband would also be home?

Usually I'm all over making some extra cash, but this one is throwing me for a loop!

8 Responses to “How Much Do We Ask For?”

  1. crazyliblady Says:

    My first question would be if all the showings and whatnot are going to be on one day. If that was the case, I would limit the hours to daytime hours like 9-5 or whatever you are comfortable with. Also, I would request at least $150 for all the time and work you have to do.

    If the visits will be spread out over several days or weeks, I would up the anty to include a free last month's rent.

    Those are just my thoughts worth about $.02.

  2. AnotherReader Says:

    It would depend on how much the landlord pre-qualifies tenants. If he expects you essentially to hold an open house and show anyone the property, my answer would be a flat no. If he screens potential tenants before showing the house, I would consider doing it. I would estimate the number of showings and the level of inconvenience (e.g show 7 to 8PM on weeknights and 10 to 4 on weekends, all by appointment) to you and your husband. I think 20 to 25 percent of the last month's rent seems fair.

  3. creditcardfree Says:

    The landlord is doing some level of prescreening. He just texted he has two that he feels are worthy of showing it to, and that many others have been screened out I do not think they are intending an open house, but by appointment only.

    This could go on for over 60 days, so to estimate the numbers is pretty difficult. Although it's a very nice home in desireable area/school district, so it may rent fast.

    I was thinking more of a per visit charge, rather than a percentage (flat fee) of the rent, which is $1800 a month. ($390-$450, based on percentages offered).

  4. starfishy Says:

    wow, this is kind of odd, but could be a nice way to make some extra money as long as you have the time. i agree on charging a certain amount per visit rather than a flat rate. i also would definitely only do it when hubbie is home. not sure what to charge, but i will be interested to hear how this all pans out. good luck!

  5. AnotherReader Says:

    I would want a flat fee, payable as a deduction from the last month's rent. That way there is no after move-out discussion about how much you are owed.

  6. fu Says:

    I suggest checking with a realtor from your specific community. The rental agents here charge a fee close to one month's rent but they are on it 24/7 until the contract is complete. They prepare ads, make themselves available to show the rental every hour the existing tenant permits. They verify employment details, check references, do both credit and police checks. If the agent uncovers a problem, repair needed etc, they make those arrangements once the owner gives 'go ahead.' I've speculated whether there is a quid pro quo between agent and service provider. Once the new tenant has signed the lease, provided confirmation of insurance, transferred utilities, done a 'walk through, has keys and actually moved some possession into rental the agent withdraws service.

    We haven't heard from poster Rachael but she uses a management agency, perhaps she'll respond to a private message

  7. Jenn Says:

    I would charge an hourly rate. Not for cleaning time because you'd have to do that anyway if the owner was showing it. But for your time to schedule, show, and document your impressions. That way, you're covered if he has lots of applicants or if a couple stays longer than you expect. I would also request that the renters schedule with you directly once he's vetted them. That way you can work around your schedule in a flexible manner. As for the rate, maybe $30-$40/hr?

    It sounds like a fun way to earn money and you don't have to leave home! Obviously your landlord trusts you too - that's nice.

  8. creditcardfree Says:

    fu, thank you for your insight. We definitely are not doing anything near the full service renting tasks you listed. But it does help me put what we are doing in some perspective.

    Jenn, thank you also for your opinion. You are right that cleaning shouldn't be included. We already keep a pretty tidy home and don't feel it needs to be perfect for showings, just tidy overall. I hadn't thought about hourly. I'm not sure how easy that would be to track, but your hourly wage is in line with time I expect to put in, but charge a flat rate. I so appreciate your positive comments about not having to leave home and the trust factor. I'm having a hard time seeing the positive despite the potential to be paid. In times of stress I tend to see the negative (in this case, the work and intrusion into our lives). Thanks again.

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